It has recommended a dividend of Rs 6.85 per equity share of Rs 2 for the year ended March 31 as against Rs 5.5 in FY13. For FY14, the bank posted a net profit of Rs 8,478 crore, an increase of 26% from Rs 6,726 crore in FY13.

"Last year, the effective tax rate on the bank was 29% while this year it was around 31%," said HDFC Bank deputy MD Paresh Sukthankar. He said that the base was lower last year because of deferred tax benefit the bank received.

On the positive side, bad loans reduced from Rs 3,018 crore as of December 2013 to Rs 2,989 crore by end-March. According to Sukthankar, there were signs that bad loans had peaked in certain stressed segments such as commercial vehicles. Overall, the pace of accretion of bad loans had also slowed down, he added.

The bank's net interest margins had improved to 4.5% from 4.4% in the earlier quarter as it had deployed a large part of funds raised by way of non-resident foreign currency (non-resident) deposits. FCNR(B) deposits surged in the third quarter after RBI said it would subsidize the cost of hedging NRI deposits raised by banks.

HDFC Bank - $3,277 million: With a network of 3,119 branches, 11,088 ATMs across 1,891 cities/towns in India servicing more than 28 million customers HDFC bank attempts to be present across all touchpoints. We are custodians of our customers' deposits and their trust is a reflection of our conservative approach towards our business" is how India's leading bank, HDFC Bank describes itself.

HDFC Bank reported a net profit of Rs 2,327 crore for the quarter ended March 2014 compared to Rs 1,890 crore in the corresponding quarter last year, recording a growth of 23% — the slowest in over 10 years.